Cryptocurrencies Price Prediction: Aave, Crypto & Dogecoin – American Wrap 16 December

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AAVE rally shows no signs of stopping: 96% of holders now profitable

AAVE, one of the largest DeFi tokens, hit a three-year peak of $397 early on Monday. AAVE’s market capitalization crossed $5.723 billion as the token rallied nearly 130% in the past 30 days.

Crypto Today: MicroStrategy drives BTC to $107K as Fed cut hype sparks Ondo, Chainlink rallies

The global crypto market snapped out of a tepid start to the month after hotter-than-expected consumer inflation data sparked hopes of a third consecutive US Fed rate cut. With the next FOMC decision slated for December 18, Hyperliquid, Ondo Finance and Chainlink (LINK) emerged as the top-performing altcoins with investors leaning into yield-bearing DeFi tokens.

Dogecoin Price Prediction: DOGE extends losses despite Bitcoin rally to new high

Dogecoin price broke below the $0.40 support on Monday, tumbling 15% in the last seven days despite Bitcoin price hitting new all-time highs. Vital markets data shows DOGE has struggled to find new buyers since retracing from its 3-year peak on December 9.

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XRP extends recovery as on-chain activity grows

Ripple (XRP) ticks up and trades around $1.13 at the time of writing on Tuesday. This rebound aligns with a broader recovery in the cryptocurrency market, attributed to reports that mediators between the United States (US) and Iran are seeking a 10-day cessation of strikes to find a way back to the signed Memorandum of Understanding (MoU).

Ethereum Price Forecast: ETH continues July uptrend with 20% rise after triggering buy signal

Ethereum (ETH) has gained 3% on Tuesday, extending its July gains above 20% after key on-chain indicators highlighted a resumption of buying activity. The strong performance so far in July comes a few days after ETH triggered the Market Value to Realized Value (MVRV) Buy signal. ETH has been up by roughly 22% since the signal.

Chainlink becomes top 20 best performer, 3 reasons behind the move

Chainlink (LINK) has become the best-performing asset in the top 20 this week, leading every other major cryptocurrency. The cryptocurrency jumped 10.18% to $8.71, its highest level since early June. Three major factors explain the double-digit rise over the past week.

Crypto Today: Bitcoin, Ethereum, XRP extend rebound amid returning institutional capital inflows

Cryptocurrency prices extend a broad recovery, led by Bitcoin (BTC), trading above $66,000 at the time of writing on Tuesday. Ethereum (ETH) remains bullish above $1,940, after logging four straight days of gains. Meanwhile, Ripple (XRP) hovers around $1.13, building on the reclaimed $1.10 critical level.

Bitcoin’s potential recovery in the second half hinges on these 4 catalysts

Bitcoin (BTC) has fallen over 34% in the first half of this year as the King Crypto failed to capitalize on a good semester for risk assets despite the woes from the Iran war.